. Deposit round-the-clock at Cash Deposit Machines and Coin Deposit Machines. Deposit your cheque anytime without queuing at the Quick Cheque Deposit Box located outside each branch. Cashless Convenience. Instant funds transfer to almost anyone in Singapore, crediting into their DBS/POSB accounts. Step 3: Drop the cheque off at your bank’s quick cheque deposit box. PHOTO: DBS Important things to note. Crossing your cheque ensures that only the intended payee can deposit it. Payment file sent to DBS via IDEAL: Monday to Friday: By 2pm; Saturday: By 10.30am; Cheques printed, sealed in envelope and mailed out. Same day if received within cut-off times stated above. Customer/Payee receives cheque by courier. As per courier details. Courier details will be provided the next working day. Cheque issuance report available. For your safety, we encourage you to bank from the comfort of your home with DBS/POSB digibank or iWealth, and only visit our branches for urgent banking needs. You may bank anytime, anywhere with DBS/POSB digibank or iWealth, whether it is for personal details update, balance enquiry or payment.

Do you like to receive cheques? I sure do! It means money is coming into my bank account.

But, how to bank in cheque?

I always forget what to write on the reverse side of the cheque every time I want to drop cheque.

With this article on hand, it will be easy to bank-in cheque to your bank account quickly.

Dbs Cheque Deposit Machine

Check the Bank Cheque Issued

First thing first: Check the following details are filled in correctly:

1. Double cross at the top left-hand corner of the cheque (means: cheque not meant to be encashed)
2. Cross out the word “BEARER” (means: it’s meant for an intended party stated on the “Pay” line)
3. Your full name as per bank record on the “Pay” line
4. “Date” boxes are filled up (cannot be a future date)
5. The amount in words and figures tally
6. “Signature line” is signed
7. Any amendments are counter-signed

Information Needed For Cheque Deposit

Posb Cheque Deposit Box

Provide your bank details on the back of the cheque:

1. Your Full name as per Bank’s records
2. Bank account number
3. Contact number

How To Deposit Cheque

After you have checked the cheque details and filled in your own bank details,

You can:

1. Drop cheque at the Quick Cheque Deposit Box (QCD). These collection boxes are available at the banks’ branches in Singapore.
2. POSB/DBS also have Quick Cheque Deposit Machine (QCM) for their customers

Also read: How long for bank cheque clearance

Where To Deposit Cheque: Banks Branch Locator